July 28, 2015

Advertisement

July 28, 2015

July 27, 2015

FINRA's Frequently Asked Questions on Electronic Blue Sheet Submissions Updated Regarding Order Execution Time

The Financial Industry Regulatory Authority issued frequently asked questions (FAQs) in connection with FINRA firms being required to submit new data elements for Electronic Blue Sheets (EBS) to correspond with the implementation of Rule 13h-1 under the Securities and Exchange Act of 1934 (SEC Large Trader Reporting Rule). FINRA updated the FAQs to, among other things, clarify that although under the SEC Large Trader Reporting Rule order execution time is required only for NMS securities, firms will be required to populate the Order Execution Time field for non-NMS securities (i.e., fixed income, options and other non-NMS securities) by May 1, 2013.

Click here to read the FAQs.

©2015 Katten Muchin Rosenman LLP

TRENDING LEGAL ANALYSIS


About this Author

Janet M. Angstadt, Securities Lawyer, Katten Muchin
Partner

Janet M. Angstadt is the head of Katten's Chicago Financial Services practice. She focuses her practice on broker-dealer and exchange compliance issues and advises companies on matters regarding compliance with the regulations of the US Securities and Exchange Commission (SEC) and self-regulatory organizations (SROs).

Janet represents clients in a wide range of legal and regulatory matters, including mergers and acquisitions, SRO investigations, compliance issues related to registrations, sales practice, short sales, Regulation NMS, market-making and options and equities order...

312.902.5494